London · Delayed Price · Currency is GBP · Price in GBX Michelmersh Brick Holdings Earnings Call Transcripts
Fiscal Year 2025
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Resilient FY2025 performance with revenue down 1.7% and adjusted operating profit down 16.8% amid challenging UK and Belgian markets. Strong cash flow supported dividends and buybacks, while capital investments and operational flexibility position the business for recovery.
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Revenue rose 1.1% year-over-year, but adjusted EBITDA fell 18.1% due to operational disruptions and cost pressures. The business remains resilient, maintaining a strong balance sheet and dividend, with growth targeted for FY26.
Fiscal Year 2024
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Revenue declined 9.3% year-over-year due to price and dispatch volume pressures, but the group maintained a strong order book and invested in capacity and sustainability. EBITDA-to-cash conversion remained robust, and a mid-single digit price increase was implemented for 2025.